Lockheed Martin (NYSE:LMT) Stock Price Down 0.5%

Lockheed Martin Co. (NYSE:LMT)’s share price fell 0.5% during trading on Tuesday . The company traded as low as $464.40 and last traded at $465.25. 135,783 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 1,152,735 shares. The stock had previously closed at $467.55.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on LMT shares. Morgan Stanley lowered their price target on Lockheed Martin from $513.00 to $503.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 24th. Wells Fargo & Company lifted their price objective on Lockheed Martin from $460.00 to $480.00 and gave the company an “equal weight” rating in a report on Thursday, April 25th. UBS Group lifted their price objective on Lockheed Martin from $482.00 to $499.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Citigroup boosted their target price on Lockheed Martin from $508.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, April 24th. Finally, The Goldman Sachs Group reduced their target price on Lockheed Martin from $380.00 to $377.00 and set a “sell” rating on the stock in a report on Tuesday, April 23rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Lockheed Martin has an average rating of “Hold” and a consensus target price of $485.40.

Lockheed Martin Stock Down 0.6 %

The firm’s 50-day simple moving average is $444.61 and its 200 day simple moving average is $444.82. The company has a market cap of $111.56 billion, a P/E ratio of 17.02, a PEG ratio of 4.22 and a beta of 0.48. The company has a debt-to-equity ratio of 2.89, a quick ratio of 1.11 and a current ratio of 1.30.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Tuesday, April 23rd. The aerospace company reported $6.33 EPS for the quarter, beating the consensus estimate of $5.80 by $0.53. Lockheed Martin had a net margin of 9.73% and a return on equity of 85.96%. The company had revenue of $17.20 billion during the quarter, compared to analysts’ expectations of $16.04 billion. During the same quarter in the previous year, the company posted $6.43 EPS. The business’s revenue for the quarter was up 13.7% compared to the same quarter last year. On average, research analysts forecast that Lockheed Martin Co. will post 26.16 earnings per share for the current fiscal year.

Insider Activity at Lockheed Martin

In related news, COO John Frank A. St sold 6,648 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $425.35, for a total value of $2,827,726.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other news, SVP Maryanne Lavan sold 4,022 shares of the stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $434.39, for a total transaction of $1,747,116.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO John Frank A. St sold 6,648 shares of the stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $425.35, for a total transaction of $2,827,726.80. The disclosure for this sale can be found here. Insiders sold a total of 16,874 shares of company stock worth $7,249,946 in the last quarter. Corporate insiders own 0.14% of the company’s stock.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds have recently bought and sold shares of the company. First Pacific Financial acquired a new stake in Lockheed Martin in the 1st quarter valued at about $25,000. Bank Julius Baer & Co. Ltd Zurich lifted its stake in Lockheed Martin by 73.0% in the 3rd quarter. Bank Julius Baer & Co. Ltd Zurich now owns 64 shares of the aerospace company’s stock valued at $26,000 after purchasing an additional 27 shares during the last quarter. Altshuler Shaham Ltd acquired a new stake in Lockheed Martin in the 4th quarter valued at about $26,000. Activest Wealth Management raised its holdings in Lockheed Martin by 1,200.0% in the 4th quarter. Activest Wealth Management now owns 65 shares of the aerospace company’s stock valued at $30,000 after acquiring an additional 60 shares during the period. Finally, Milestone Investment Advisors LLC bought a new position in Lockheed Martin in the 3rd quarter valued at about $33,000. 74.19% of the stock is currently owned by institutional investors and hedge funds.

Lockheed Martin Company Profile

Lockheed Martin Corporation, a security and aerospace company, engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services worldwide. The company operates through Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space segments.